it as the ceo of seetethiopian says he could have preliminary results of the crash and the cause of it quote, this week or next. we've got the aviation ceo of a wildly successful startup, the blade ceo, here in a fox business exclusive on the boeing buzz and his big announcement. to the white house, president trump signed a proclamation formally recognizing the golan heights as part of israel, as israeli prime minister benjamin netanyahu stands by his side. it comes as the political world tries to decipher the consequences of the mueller report. on wall street, markets flip-flopping between green and red as technology and telecom weighs on the market after friday's deep selloff. who will win this one, the bulls or the bears? plus, breaking as we speak, the avenatti arrest. all kinds of questions about serious accusations involving nike. we have the amazon of the financial world. what is that? we will find out. and charlie breaks it on the latest bids and deadlines when it comes to selling disney's regional sports net works. less than an hour to the closing bell on this monday. let's start the "countdown." liz: we are watching shares of nike very closely. they have been down but they are slightly off the lows of the session. you could call it slightly flat to lower. but there is a huge swirling maelstrom of news coming at this company. federal prosecutors have just arrested and charged attorney michael avenatti, yes, stormy daniels' former attorney, with trying to extort more than $20 million from the athletic wear maker. so this guy as you know him, he represented the porn actress, adult entertainer who had sued president trump. the charges, because he was indicted, were revealed shortly after avenatti put out on twitter he would hold a news conference on tuesday to reveal a major high school/college basketball scandal that reached the highest levels of nike. the dow component is definitely one of the stocks weighing on the blue chips. investors are coping with global growth fears as well. in addition to that, interest rates spasming between flat and inverted yield curves. inversion is where shorter data treasury yields rise above longer dated ones and is often considered a leading indicator of recession. at the moment, dow is down 22. s&p lower by 4. the nasdaq down 14. can we take a look at viacom shares? they are surging as the company renews its carriage contract with at & t directv. what does that mean? well, there was concern viacom channels, mtv, nickelodeon, comedy central and b.e.t., would be booted off their satellite service over this usual battle that we see with a lot of the content operators and of course, the cable operators. but indeed, there happens to be a deal and investors like it. viacom up 5%, at & t down 1%. on the other hand, investors are kind of turning off tesla after rbc capital markets cut its price target by $35 on the stock to $210. we are at $260 right now, though. so the cstock is down 1.66%. rbc lowering the first quarter model 3 delivery forecast. tesla is down 9% this month alone due to a myriad of reasons, but we should really mention that separately on sunday, ceo elon musk tweeted that he was already hiking the price about 3% price hike on already made cars, ones that are right there in the inventory starting next month. that includes the brand new model y. to the white house and reaction to the mueller report and the conclusion occlusion. this reaction still coming fast and furiously as republicans and democrats calculate the implications as it pertains to the 2020 elections. president trump blasting the quote, evil people who created the quote, false narrative. he made the comments in the oval office as he shared the spotlight with israeli prime minister benjamin netanyahu. it was there that we already mentioned he had signed this proclamation supporting israel's long-time claim, i believe since 1967, to that northern area between israel and syria known as the golan heights. to blake burman live at the white house. there's so much action on this very important day for the trump administration and you have been there for all of it. what jumps out at you? reporter: one of those days of where do you start, right? there is nothing bigger for the president right now, this administration, this white house, than the mueller report. words like exoneration, total vindication coming from the president and his team today. after all, for two years, the president had been saying that neither he nor his campaign had colluded with russia and the report that was put out by the special counsel said just that. however, robert mueller's report also did not weigh in, at least the special counsel did not weigh in specifically as it related to whether or not the president obstructed justice, but the attorney general bill barr, deputy attorney general rod rosenstein concluded on their own right that the president did not. on the one hand, today president trump celebrating. on the other, he is continuing to push back on his critics. >> there are a lot of people out there that have done some very very evil things, very bad things. i would say treasonous things against our country. we can never let this happen to another president again. i can tell you that. i say it very strongly. very few people i know could have handled it. we can never, ever let this happen to another president again. reporter: the president making the comments there as he sat next to the israeli prime minister benjamin netanyahu, who was at the white house today meeting with the president. the big announcement coming from president trump that the u.s., it is officially u.s. policy that the united states recognizes the golan heights as sovereign israeli land. >> i'm taking historic action to promote israel's ability to defend itself and really, to have a very powerful, very strong national security which they're entitled to have. reporter: for decades t u.s. chose not to weigh in on this matter, hence the policy change. coincidental or not, benjamin netanyahu faces re-election in israel two weeks from tomorrow -- two weeks from tomorrow, and many feel, some feel at least that this could potentially provide a boost to him back at home. liz: we're watching it all. blake burman, thank you very much. from the white house to -- i looked at this and this is a tug-of-war regarding the markets here. bulls, bears, sometimes the bulls are in charge, sometimes the bears. in fact, the dow has crossed the unchanged line, my latest number, 48 times. so what's going to drive us here? this week we are going to be getting three final q4 gdp readings. first up, france will be reporting its gross domestic product tomorrow morning for the fourth quarter. we will then get the final gdp reading for the u.s. on thursday morning and the uk will round out the week by releasing its gdp on friday. just how important are one, two or all of these readings? let's bring in our floor show traders. scott redler, which one will you be watching most closely? seems obvious you would say the u.s., but maybe not. i don't know. what specifically will you be looking at most closely? >> first of all, do you remember last week when we got the data on friday, all of a sudden the yield curve inverted. so the markets like a dovish fed but they don't like the probability of a recession so all three of these will be very important. we don't want to start seeing gdp that starts confirming that not only are we slowing, but really slowing. i think thursday and friday are very important and the jobs report the friday thereafter. we want to start seeing some decent economic numbers, not slowing because we don't want the probability of a recession raising higher. that will make equities lower. liz: phil, i'm glad scott brought up the yield curve. i don't want people's eyes to glaze over, what the heck is she talking about. but the three-month treasury yield is at 2.45. the ten-year is at 2.42. folks, when you have a longer dated treasury with a lower rate than the shorter one, phil, explain. people look at that sometimes and say that's a recession indicator. >> they do. it looks like, because what that means is that everybody in the short term is trying to hide their money, right, and it's driving up the yields in the long term, but think about it. if you're going to lend somebody money, you're going to get paid back more than lending it to them for, you know, a short period of time than you are a long period of time. that's not normal, right. usually the longer time you hold that money, people are, you know, you are going to want more of a return for that money. so when you see something like this, it raises concerns that there's something wrong with the system. a lot of times in the past it has signaled recession. i have to calm people down a little bit. this is not a situation where it's automatically going to go into recession. we don't think it is. we think a lot of the reason why the yield curve is out of whack, it's because of the quantitative easing we have seen over the last couple of years. the reversal by the fed, for example, from being more hawkish to being more dovish. the changing of the balance sheet. i do think there has been a little bit of fear in the short area of the curve, a little bit of buying but i don't think it's a long-term situation. liz: i shorted you on the first question, which gdp number matters the most. quickly. >> the french, the french right now. they are going to be kind of a signal for the rest over there. liz: and you mean portugal, italy, ireland, greece. scott, give it to me. tell me what you think about the gdp numbers and anything else that comes to mind about what will drive the movement. >> ours is in my opinion definitely most important. we will see weak numbers coming out of everywhere in the euro zone. it's just a matter of how weak. i say ours, because we know things are slowing down here. the numbers, the economic numbers we have seen recently really confirm that. numbers like consumer confidence, spending, business investment. those are forward-looking numbers. if those are really precursors of what's about to happen in the economy here, things really are slowing down. now, i don't want to sound doom and gloom, and i agree with phil, just because we have this inversion now on the three and ten and yes, history says that can be a precursor to recession, i don't believe that we are recessionary right now or that it's right on the heels of it, because things are, yes, slowing down but all in all, not so bad. liz: for once, i'm not the most doom and gloom person. everybody accuses me of being so negative. i worked in local news, right. we are always looking for the worst in things. good to see you guys. thank you very much. apple, out to cut cable and credit cards to their core. that's not all. we are about to flying you to silicon valley, where apple's multi-pronged announcements from the tv app apple believes will get you to cut the cord once and for all, to its uber-cool apple card which just turned credit card stocks crimson. steven spielberg, why is he up there? oh, yeah. our tech panel ready to separate the hype from the heft. apple among dow 30 laggards. in fact, it's at the very bottom, down more than 2%, hitting its session lows, getting close. it usually dips when it does big unveils because it does sell on the news. however, boeing heading higher despite new details on the deadly crashes of its 737 max jets. boeing up $6.72, at the very top. did the aerospace giant rush the production of the plane into the hands of untrained pilots, and was it wrong to make certain safety fail-safes on the doomed jet options that actually came with an extra fee? a fox business exclusive with the hottest aviation disruptor in the industry right now. the ceo of blade, known as the uber of helicopters, up next on boeing's big problems and rob's big reveal of a major announcement that may change that panic rush to the airport. we'll be right back. you wouldn't accept an incomplete job from any one else. so why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase allergy relief is different. flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion, which pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. and 6 is greater than 1. start your day with flonase for more complete allergy relief. flonase. this changes everything. want more from your entejust say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? 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[ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. willy davis, who has alzheimer's. i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. liz: we need to get to this breaking news. the u.s. transportation department has just announced it will be naming a special committee to review the faa's aircraft certification process following two fatal boeing crashes of that max jet. the special committee will be initially led by former airline pilots union president and retired air force general darren mchugh -- mcdoo, rather. no doubt he will be looking at boeing's policy, where it sold special features as extras or add-ons to customers instead of just giving them for free. now boeing is requiring all owners of the max jet, even though it will be free, to make the effort to actually place an order for the software upgrade that ostensibly fixes the faulty sensor that erroneously reports the jet may be stalling. may or may not have been the cause of the ethiopian airlines crash but the stock not getting dinged, up about 1.66% in part because qatar expressed confidence in the plane maker despite the crashes. qatar airways, major boeing customer, has ordered 20 max jets and says they are committed to buy an additional 40. let me get to this news. the plane maker has invited more than 200 airline pilots, technology leaders and regulators, for an information session this wednesday in a bid to update all, everybody on its planned software upgrade. that you have to put in an order for, they won't just get it to you. here is an aviation industry disruptor and ceo, rob wiesenthal who runs a tech startup calls blade which allows passengers to get to the airport and other places via helicopter at a relatively good price. the uber of helicopter travel, so to speak. today, the company launches a flying service in new york city. boeing rival airbus is an investor in blade. you own airbus and boeing stock as well, right? >> correct. liz: you are covering your bets. >> absolutely. liz: let me get first, because i know you work in a different realm, helicopters, but you are now in the aviation industry. what is your original and initial thought when you see the two accidents boeing, we still don't know the details, but what was your gut reaction to that? >> first, our company is blade urban air mobility. we also don't manufacture aircraft, we don't operate aircraft. we work with highly vetted operators. what i can tell you, though, is we fly hundreds of people to the airport all the time, thousands in the course of a month, so we see the flyers in commercial airlines. i would say the confidence in american air carriers has never been greater. i think the public understands that the safety of airline travel in this country is actually safer than driving. i think after the past generation, the improvements in technology and the transparency that they've had in terms of the airline companies has been tremendous. we don't see any type of lasting impact, at least what we see. liz: you talk about safety. because an airline accident tends to be very difficult to survive, everybody looks at that and says i'm nervous, i'm scared of flying, yet they will get in a car where way more people die -- >> 3,000 people a day. liz: 3,000 a day. >> it is far -- air travel today is far safer than driving. liz: let's dovetail then to blade and the announcement you've got. let's talk about it. you are now going to offer a service from manhattan to jfk -- >> and back. liz: for anybody who knows, that is a treacherous drive, especially during of course when you are talking about 5:00 p.m. rush hour. >> it's an urban transport is the problem, right? the average speed of a car in new york city, now that you have 170,000 ride sharing vehicles in manhattan alone, has gone from 11 miles an hour to 7.8 miles an hour. we are taking a two-hour drive and changing it to a five-minute flight. liz: five minutes. from the west side, right? >> the west side. the largest air mobility initiative in the country today. we are flying continuously for $195 which is the first time breaking that suv price barrier for ride sharing. liz: let's put up the comp. we talk about the comparisons. besides the fact you have a fancy lounge and you feel so cool, the actual cost of a blade flight to jfk -- >> $195. from jfk or to jfk. liz: i just paid about $200 for an suv. granted, i had a lot of luggage. can i bring my luggage on this? >> you can bring carry-on luggage or have your luggage picked up in the morning, waiting for you when you land. liz: for an extra fee? >> an extra fee. $85. liz: no skis, no bicycles? >> this is for the business traveler, for the guy that if you want to have a meeting that ends at 3:00 and get on a 4:10 plane, you can do that. liz: look at the time. five minutes for blade, 90 minutes for uber suv. granted, you can have more in the suv. but that said, you have expanded this. i rb baemember back in the day were doing quick jaunts to the hamptons. now how many cities? >> we are in los angeles. we just launched a private pilot program in san francisco. we announced a joint venture in mumbai. we are in miami with amphibious seaplanes and we fly all the resort areas, the jersey coast, obviously the hamptons where we got started. liz: i knew you when you were a sony guy. you transitioned to this. what has been the number one learning moment for you to go from one industry that is obviously entertainment to the aviation industry? >> i think it's about providing a strong experience and telling a story. if you go back to entertainment, a great movie and great song tells a great story. i think with every type of mission that we have, whether it be to a resort area or to the airport, telling that story, that narrative of why this is a great service, why you should be excited to fly again because obviously, at some point, aviation kind of feels more like transportation so we are trying to bring some of that back. liz: blade. get into l.a. quick. >> we are in l.a. now. liz: i know, but beverly hills to lax -- >> you have to help me build a helipad. liz: land in my mom's yard. great to see you. thank you very, very much. when we come back, we have trade talk updates. there's breaking news on that. and apple's new credit card? 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you can see s&p turned slightly positive right there a few minutes ago. same with the nasdaq. we are flat right now but let me get to edward lawrence, because edward, you've got the bead on this breaking news involving china. reporter: very interesting. i tell you, right now, u.s. trade representative robert lighthizer and treasury secretary steven mnuchin are packing their bags getting ready for that trip to china. they have high level meetings, face-to-face meetings thursday and friday in beijing. then the vice premier, liu he, leads a trade delegation here to the united states on april 3rd. still the major sticking point is around the structural changes and the speed at which the structural changes happen. the u.s. would like them to go faster. china pushing back, saying they need some time to talk through some of these things. also, the chinese worried about the enforcement mechanism. u.s. trade representative robert lighthizer has testified that china wants the tariffs gone for good, never to return. the u.s. would like to use those as part of the enforcement mechanism if china doesn't follow through. the market pricing in a deal. listen. >> trump gets some of what he wants, not everything that he wants, but he can declare victory. it's priced into and expected by the market. reporter: there are signs of some compromise. the head of the chinese central bank spoke today and he said that he would be willing to open financial -- he said opening financial markets for say visa, mastercard, american express, also banks, would do more good than harm for the chinese economy. he did go on to say that there needs to be more regulation as they open these markets. also, the chinese have passed that law, foreign investment law, that goes into effect on january 1st, 2020. that law bars companies or employees as well as banking or government agency officials from demanding trade secrets from companies. it does not, though, account for what the enforcement mechanism in that, that still needs to be worked out. also, it doesn't account for the forced part nrshnerships of companies. that's something the u.s. is very keen on getting rid of. liz: edward, thank you very much. there's president trump who got the washington capitals jersey. gary bettman, commissioner of the national hockey league, right there. i don't see any hamburgers. i hope the hockey guys get the same food, right? oh, wait. they're there? >> -- earning a franchise record as -- liz: they're pro athletes, okay. they're not college. maybe they are squirrely about the food. okay. we will keep an eye on this and boy, did you see this credit card stocks having a bit of a panic attack? that's what happens when apple says move over, we're coming in. with the closing bell ringing in 29 minutes, now all three major indices flat to slightly lower except for the dow which is up four points. the technology giant teaming up with goldman sachs and mastercard to launch a credit card that's laser focused on providing access to finances to buy more apple products and other things, and guess what? they say they will give you free money if you use this card. could this announcement be even bigger than the apple tv plus announcement that everybody thought was going to be the major headline? our panel of tech all-stars here to cut through the noise and the juice as apple reveals its latest disruptive services. jeremy owens and colin gillis, next. with expedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia. liz: you might want to adjust your brackets, because apple seems to be having a march madness event of its own. this after apple spent hours in a massive unveil with multiple moving parts, videos and celebrities that revealed its highly anticipated streaming video service to compete with the likes of netflix, disney and hulu, spielberg, oprah, jennifer aniston, you name it, they were there. except for me. because i was here to tell you that our next guests say not only is apple muscling in to areas that were not really expected to be the biggest announcement today, but that the streaming party ended up kind of taking a back seat to one specific announcement. let us bring in our two guests. we are joined by chatham road partners director of research and all-around apple genius, colin gillis along with market watch technology editor, jeremy owens. jeremy, to you first. give it to us. what do you think was the announcement that kind of stole the thunder from the apple tv expectation? >> i think the apple credit card and apple pay is going to be bigger potentially for apple. the reason for that is that nobody has really been able to come through with that service that transcends online and physical payment and really finds a home. this seems like a chance for apple to claim that, for the online services that have not been able to go into the physical space as well like pay pal. from the traditional payment services that have not been able to find an online hold as well. apple could bridge that and come up with a service that really does make a difference both for consumers and for itself. liz: they had this laser print out of the actual apple cart and in typical steve jobs r.i.p. fashion, it looks really clean and beautiful, but let me get to you, colin. what do you think was the biggest reveal that really stole the thunder? >> the 10 billion apple pay transactions. when you look at all the various news that came out of apple today, apple as a platform has the ability to push people to that apple card and to help drive more volume across apple pay, particularly with that 2% incentive for that daily cash back announcement. i thought that was more meaningful than the apple tv plus. i don't see that being a netflix killer in any certain way. liz: you see it being a cable killer? i just want to say, visa has reversed and turned negative. american express has turned negative. capital one. lots of credit card companies as i said, have had a little bit of a panic attack on the news because suddenly, this company that was known for hardware and maybe software is now a credit card company but let me get to that comment you just made about apple tv. colin, what do you mean by that? >> so apple wants to build its services revenue. it can't be exclusively dependent on hardware sales. services right now is around 13%, one of the fastest growing segments in the business, within apple, but it's still a very small portion even though it's the second largest segment. we are seeing a slew of offerings coming out of apple, including their tv plus, but it's going to take a long time for this to come to even a meaningful revenue driver. we saw that with apple music and it's not like apple is trying to throw all types of various products to us today in that effort to boost services. liz: jeremy, i want your opinion on the gaming. apple arcade. we started looking at the gaming companies, things like game stop, those stocks started to fall in real concern that apple is muscling into that area. what makes what they're doing a game changer? >> i don't think it is. you saw most of those start to come back up, as soon as it was done. the thing here is going to be a problem across all of these is finding the right partners. apple for its arcade is partnering mostly with small independent video game producers. so they will have some interesting things but they don't have ea, they don't have activision. the big gamers that want those big games are not going to be able to get it through arcade. are they going to be willing to pay $10 a month to have instant access to all these other games beyond what they are already paying for their main games? liz: colin, what about apple news plus? this will involve many different magazine mastheads. i thought it was so interesting, they showed a picture of a newsstand and said how many times do you want to stand in front of the newsstand and pick nine magazines? that would actually end up being lots of money, 60 bucks probably, depending on the magazines you're buying. these would all be compiled for a very small fee depending on how much you read. can apple save the magazine industry? >> it remains to be seen. i don't think so. this is a little like turn your airline miles into magazines announcement. it's nice to have a library, right, and apple presents the magazines in a positive way and the pricing is right for a subscription basis but if you are an investor in apple, this certainly is not part of the thesis. liz: i want to quickly make a point about the apple card because i mentioned it in the tease. you get paid, they will give you cash. this reminds me of you promise, where you sign up and anything you buy gets kicked back into your kids' college fund but this is actual cash? >> a lot of credit cards will have cash back on purchases, the same kind of tiered levels and apple's biggest level if you are buying from apple, they give you 3% cash back which only helps them. so yeah, there will be cash back and i think we have people right now going through and comparing it to a lot of other credit card offers out there and seeing how that stacks up. i think there are people that are very into the number of points and cash back and really, you know, put these side by side. we'll have to see once we get a few more facts from apple and can actually compare exactly where it rests among those. liz: we have to run. would you buy the stock on this pull-back? down 1.5%. yes or no? >> not at all. liz: don't buy it right now? >> nope. they are only pushing because they've got the platform. it's still not a good software company in my book. liz: great to have you both. i do appreciate it. by the way, you see tim cook tweeting this weekend not about the event, but about his alma mater? so proud of @coach bruce pearl of auburn basketball. sweet 16, here we come. war eagle. go, cousin bruce. that's right. i am a cal berkeley fan but somehow they didn't get in there. i don't know what happened. did i miss something? go, browns. cousin bruce. good luck, bruce. march madness, let's get to media mania. with the closing bell ringing in 17 minutes, the race for disney's regional sports networks in its final lap. charlie gasparino sprinting to or set right now with exclusive new details on the drivers still in competition and the mega-bid they hope can cross the finish line. plus michael avenatti, that attorney finding himself on the wrong side of the law. what insiders are saying about the breaking news. the celebrity attorney and allegations he tried to threaten and extort one of the dow's biggest names for $20 million. charlie breaks it next. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ brighthouse financial. this isn't just this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving simple. easy. awesome. stay connected with the best wifi experience and two-hour appointment windows. click, call or visit a store today. who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. - [narrator] custom ink has hundreds of products and free shipping. upload your logo or start your design today at customink.com. liz: we got a bifurcated lead here. let me start with this one. the bidding blitz for disney's newly acquired regional sports networks attracting a who's who of sports and media titans. this in a totally unrelated story, michael avenatti, that attorney, has been arrested on charges of extortion. to deal with both, charlie gasparino. >> thank you. liz: first the rsn story. >> we just put a fine point on this because we have been covering this. this is the outgrowth of the disney deal buying $71 billion deal buying fox's entertainment assets. they also had all these regional sports networks, networks sold to cable providers, 21 of them around the country. they feature all sorts of different programming. they have to unload that because they own espn, according to the justice department, this bidding has been going on since november. we will have a full writeup on it on foxbusiness.com. here's the interesting thing. it is finally coming to an end. here's what we have from sources close to the deal, that april 15th has been described as the final drop-dead date for bids. if you want to bid on this thing, it's final -- liz: new graphics for this story? >> we will have the best graphics. liz: when the story's over. >> we got until april 15th. maybe there are morbid e bidder. here's what we know. there are four bidders, major league baseball, sinclair broadcasting, liberty media and hip-hop star, ice cube's big three basketball league are the bidders on this thing. there may be more. there was a lot of talk about amazon being interested in all the rsns. so far, they have only been interested in one of them. it's the yankees, the yes entertainment network. yankees entertainment network. that deal was closed. people doubt they are going to get into these. just so you know, that doesn't mean they won't but i'm just telling you, they doubt it. this thing is coming to an end. a six-month deal. they initially thought they were going to get $20 billion for all these. they are getting far less and you know, the reason for this is not that they are not good teams. it's called cord cutting. it's affecting every business, broadcasting business -- liz: apple's announcement. >> there it is. so this thing is going to go -- if they get about 10 for the yankees, they're not that far below 20 million but they're below it. anyway, go ahead. liz: a major arrest that started to unfold this afternoon. michael avenatti, of course, you may remember stormy daniels' attorney, former attorney -- >> who can forget stormy daniels? liz: he's been charged with extortion. >> stormy daniels had sex with trump allegedly. right? liz: allegedly, yep. this was a very contentious donald trump/michael avenatti. great day for donald trump today. not only does he get the mueller -- >> let's unpack this. he goes to nike and says i have some dirt on you guys. liz: avenatti, yeah. >> avenatti, involving the sports sponsorship. liz: ncaa recruiting and he says? >> pay me x or i disclose it. liz: pay me x to do the internal investigation or i will disclose. x was $20 million. >> i will disclose it around the time of your earnings so it will have maximum damage. sounds like extortion to me. let me ask you this. play devil's advocate here. this stuff happens more than you think. the lines are gray, people go right up to them. he's obviously been charged so the u.s. attorney for the southern district which is a major, it's the sort of cream of the crop in terms of prosecutors, so they think he did something wrong. they are pretty independent. people will say this is a donald trump attack. the u.s. attorney for the southern district, he may appoint the u.s. attorney for the southern district because it's a presidential appointment but this is a very, very, very independent office. always has been. liz: fired preet. a very independent office. >> it is what it is. let me ask you this. what's the difference between this and the bezos thing where david pecker went to bezos and said if you don't say something really nice about us, us meaning the "national enquirer" because we have been doing all the reporting on your affair with your girlfriend, and we are going to release pictures of your private parts, essentially, what it was. what's the difference between that and he hasn't been charged. liz: the only difference is photos, money. i say they are both extortion. >> i have heard lawyers, just so you know, that say both -- we'll see what they say about avenatti, but both are contracts. liz: if, comma, then equals extortion. >> no, legally binding contracts. enter into a deal, you benefit, i benefit, no one loses. i'm telling you. i have heard lawyers argue that. i'm not saying it's true. listen, i don't extort anybody. liz: yeah. you extort me. the dow is up 14. we are coming right back with the amazon of the financial world. what is that? we will tell you. us as people. they see us as profits. we're paying the highest prescription drug prices in the world so they can make billions? americans shouldn't have to choose between . . s now. liz: the dow is going absolutely nuts, even though it is up only 28 points, how many? 91 times we have been across the unchanged line. it is a tug-of-war between the bulls and the bears. the s&p and nasdaq flat. so before the break we asked you what's the amazon of the financial world? did you guess? well here to give you the answer, his opinion, brian yacktman, cio at. the amazon financial world and why you like isn't. >> charles schwab. essentially like amazon, their strategy to offer the most products and services at the lowest price possible. they are the lowest cost producer. so charles schwab at 17 basis costs relative to all the client assets. t did ameritrade, 27 and e-trade is 240 basis points. they have the ability to offer all the services at lowest price possible. i also like amazon. there is cost of admission. price of subscription services amazon everything everything at lower price with subscription side of the business. charles schwab it is more hidden. lower cost products that you as user are not paying as much attention to the low cost there is you're willing to stay there. liz: that is interesting. if you look at the performance, i don't know if we put the chart up there, performance of the stocks, compare them to the competitors, e-trade, td ameritrade. you can see charles schwab is green line. it has sort of underperformed. why? >> we look at this much more long term. all the companies are trying to gather assets t will be lowest cost producer wins with scale. charles schwab they're gathering assets 8% per year for last 12 years. more impressive on the deposit side. they have been growing 30% per year on deposit line, but they're a fraction of overall u.s. banking deposits. there is long runway for growth and asset gathering. liz: 15 seconds left. anything keeping up at night with this market? >> we're at ycg more long-term focus the. we're trying to make our lives better f you're long term investor focusing on global champions that it will work out all right. [closing bell rings] liz: bringing an, thank you for being here. he says the financial amazon of the world is charles schwab. the dow struggling to stay positive. up 21 points. s&p down one. nasdaq down 4. have a great day. melissa: moving back between positive and negative territory, dow moves at 200 point swing. s&p 500 and nasdaq fighting for gains in final moments of trade. connell: nice to have you back. slow news day. melissa: everything happens. connell: more on "after the bell." here is what is new at this hour. the fight is far from over. president trump declaring victory and vindication following the conclusion of the mueller investigation. congress now prepares for the next

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